Jan 13, 2013 8:00am PST
on the economy or jobs. we have been very reactive to what is happening in the headlines, not atippal for a second president. but it is the soft under belly of the obama presidency. at then of the second sterl, if this chidoesn't turn around and unemploint ployment doesn't come down, the obama agenda will be a failure. they are making a huge mistake, trying to beat up on rich people, businesses and small businesses and raise taxes. the result of the policies, eric, is that unemployment will continue to stay high and poverty rates will continue to skyrocket. when you beat up on the rich, you create more poor and you make your budget problem worse because there are more people on welfare than there were before president obama came to office. >> what happened if there were more people on welfare and if the unemployment rate doesn't go down? >> that has to be the primary focus needs to be. there are two major challenges right now. first, this economy is focused for liftoff. in the corporate world, we are at the highest profit levels we have been since world war two. their productivity is
Jan 20, 2013 1:00pm PST
reduction, measures to help the economy, energy, we have a stacked agenda here. i think urgency in the country to address this. >> there is only one guy that can lead in washington that can find a solution to big problems and that is the president. >> reporter: so bottom line is that the president is going to try to hit the big picture themes in the inaugural address tomorrow afternoon outside the west pointed of the capital and say some of thels that will divide both sides of issue. he will save that for state of the union address when he heads back to capitol hill. >> gregg: thanks very much. >> heather: frustration preparation is under way as washington gets welcome to hundreds of thousands of guests. carl cameron is at the national mall with more on that. >> the historic nature of inaugurating the first black african-american president is much different right now. it was a worldwide celebration and there were ten inaugural balls in washington, d.c. president and michelle obama went ball to ball in a big celebration. this time around, nations the challenges the country faces
Jan 20, 2013 12:00pm PST
. this is likely to be more subdued out of deference to the economy and national challenges faced by the u.s.a. and the new president there are metrics to show. four years ago there was about 2 million people that showed up. this time around, experts are predicting somewhere between 600,000 to 800,000 so it could be a third of the crowd four years ago. in addition these are not expensive activities trick when you consider he has taken the oath of office and in his second term but they will do in ceremony. last time around it cost $53 million and obama administration raised that money. a lot of money but that was pretty significant amount of cash. this time around, in order to raise something close to it. they changed the rules. no more limitation to private donors, they are using corporate money something that barack obama disdained but that is something he would like to steer clear of. $50,000 cap made it kept to small donors, they have blown that off, too. they are not likely to match the number four years ago, $40-50 million, another time the second time around enthusiasm tends to wane.